Boise Cascade L.L.C. Common Stock (BCC)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Boise Cascade as a cyclical building-products company, not a consumer franchise. It makes engineered wood and plywood and distributes building materials through two segments. Scale in distribution helps, but the products are largely commodity-like, and the FairStock Lynch category is CYCLICAL — Lumber & Wood Production, because earnings follow the economic cycle. That matters: in fiscal FY2023 ended 2023-12-31, revenue was $6.8B, net income $483.7M, and diluted EPS $12.12. By fiscal FY2025 ended 2025-12-31, revenue had slipped to $6.4B, net income to $132.8M, and diluted EPS to $3.53. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.8B, net income $57.3M, and diluted EPS $1.63, versus net income $62.0M and diluted EPS $1.64 in fiscal Q2 2025. Revenue grew modestly, but profit did not. At the 2026-10-13 close of $74.08, FairStock's P/E is 25.11, P/B 1.28, FCF yield 4.0%, EV/EBITDA 8.24, and FairStock Score 37/100. Its Graham Number is $62.04, so the price is about 19.41% above that estimate—not a margin of safety in Graham's terms. Financial health is decent: D/E 0.27, Piotroski F-Score 7/9, Altman Z-Score 2.76. But FairStock's ROE is 5.06% and ROCE 2.86%, which are not the returns of a high-quality compounder. I would call the price fair-to-full for a cyclical business whose earnings are well below prior peaks. Without a wider moat or a larger discount, the stock does not scream value.

In plain English: Boise Cascade makes engineered wood products such as beams and plywood, and it distributes building materials. The business is cyclical: sales have held up recently, but profits have fallen sharply from their earlier peak, and returns on invested money are modest. At the recent price, the stock looks full compared with current earnings and a simple estimate of its worth, though cash flow gives some support.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer